Bearish

It's the last day of the month and we are up for the month. I will be looking for selling to come into the market today. I will be selling rally's leaning on yesterdays highs. Volume will probably be light today so trade small with tight stops. Support at 1013.50. Resistance above at 1041.73.

Bullish

The market continues to hold support levels. Shorts try to push it down and continue to fail. I am going to continue with the bullish trend until we cannot hold a support level or we hold a resistance level several times. My resistance is 1039.25 and 1045.50. I also have a major resistance level at 1056.50. This level is a big pivot for me. If we hold that area we should see a 40 point potential drop within a day or two. Support is 1026 & 1016.00.

Bearish

The market is stalling up here. I came in short today looking for a break down to 1013.50. After 1013.50 I have support at 1009.00. I will be selling rallies all day using short term charts.

Neutral,Slightly Bullish

Today feels like it will be an inside day. We will probably trade within yesterdays range. If we take out the lows at 1018.25 we should see some selling taking us down to 1009.00 the ten day m.a. Other than that, I see us staying range bound with light volume. I have resistance at 1038.00 and 1045.50. Support is 1013.50 and 1009.00.

Neutral,Slightly Bullish

I have resistance at 1038.00 and 1045.50. We have held the 1038.00 area for now. This market is trading like it wants to go higher. I am trading from both sides. I am selling rallies in front of 1038.00. I am also using opening range(1029.25) as a pivot. My support below is 1013.50. I will be buying a break down to that area. This is still a summer trade with light volume. Take your winners and limit your losers.

Bullish

The market has crossed over the 200 month m.a. in the cash. I am just going with the market right now. When we are making highs like this you cannot fade it until they show that resistance is holding. My next resistance is 1044.00. I will be buying into this rally until we hold resistance. I will be selling if we trade 1044.00.

Not Trading until Aug.24

Neutral,Slightly Bullish

The market has held my support at 977.00. I feel like they want to trade lower but I am not going to fight it if we rally. I am buying dips today leaning on yesterdays lows. If we get below 977.00 my next support is 965.00. On the upside I have resistance at 989.00-991.00.Trade small because it is whipping around with light volume.

Neutral - Slightly Bullish

They had everybody short on Fri. with a late day rally up to 1007.00 where we have failed many times. They started to drift lower overnight with no buyers. We took out last weeks overnight low at 986.00 setting off some stops. I don't believe that there will much more downside today because it looks like they did most of it overnight. This trade is range trading right now. They move in one direction very quickly followed by consolidation then followed by a move back in the other direction. I have support at 977.00.

Neutral - Slightly Bullish

The market is taking all the selling and closing on the highs. That usually indicates a bull market. I am trading small waiting to see if we can make highs of the year (1016.00). At 8:55 we have consumer sentiment which might get things going in one direction or the other. I have resistance at 1021.00 and support at 996.25. Waiting for those areas to trade before I establish any real positions.

Slightly Bearish

We are still holding this fibonacci retracement at 1016.00. The data this morning also did not please the market. I am still cautious on being bearish because of the way we are trading up here. They keep selling and we don't go anywhere. I will be selling rallies until we get above this overnight high. Trading small waiting to see what happens. I have support at 1000.25 and 993.00. Resistance above at 1022.00 and 1029.25.

Neutral

I am neutral until this FOMC meeting is over. I have support below the market at 978.00. I will get long if we hit that area before the number. I have resistance above at 998.25. I will get short if we get to that area. I am just trading the outsides until this afternoon.

Bearish

The market is opening lower today in front of the two day FOMC meeting. Today should be light volume with downward bias. I am still looking to be short as long as we stay below the prior days high 1007.75. I have support at 998.25 and below that 974.25. Sell rallies leaning on yesterdays high.

Bearish

We have held a Fibonacci retracement from the all time high to this years low. The market should start to trade down from here. I have support at 984.00 and 974.00. I will be getting short on rallies leaning on the high from friday (1016.00).

Bullish

The unemployment numbers sparked a rally today. I am sitting on the sidelines waiting to see what happens here. I have major resistance at 1010.00-1013.50. I will be waiting to see what the market does if it hits those areas. Other than that I am not trading unless we trade back down to overnight lows. Trade small.

Bearish

We are opening higher again today and we took out yesterdays highs. I am bearish up to 1013.50 in the futures. If we get above that area I believe that you could see a quick move higher getting out some shorts. I will be getting short up to that area with tight stops. If we hold that area I will be looking for 990.25 for support. I am using short term charts to enter the market short. If we get below 990.25 look for the market to trade down to 986.00.

Slightly Bearish

I am sticking with my slightly bearish position. We have a double top in the cash on a weekly chart. We have rallied 50 percent off the market lows at 666.00. I will be selling rallies up to 1013.50 looking for a break down to my support at 986.00. I will be wrong if the market gets above 1016.00.

Slightly Bearish

We have held 999.00 so far in the futures market. I am slightly bearish because of that. I still feel like they want to go higher but I will be selling rallies until they take out overnight highs 1001.75. I have resistance above at 1009.50 and support below at 975.00. Trading small using short term m.a.'s to get in the market.

Bullish,Slightly Bearish

I have been buying breaks for weeks now waiting for the market to reach a significant area at 1000.00 in the S&P cash market. You should start to see a better trade. The market has been on a one way train for some time now. I have resistance at 999.00 in the futures and no support until 962.00. I am short the market with a tight stop above this area and I am looking for a break down to 962.00 if this holds. If it does not hold I am looking for 1008.00 - 1010.00 in the futures.